Summary: Metropolitan Transportation Authority, New York; Miscellaneous Tax; Note - S&P Global Ratings’ Credit Research

Summary: Metropolitan Transportation Authority, New York; Miscellaneous Tax; Note

Summary: Metropolitan Transportation Authority, New York; Miscellaneous Tax; Note - S&P Global Ratings’ Credit Research
Summary: Metropolitan Transportation Authority, New York; Miscellaneous Tax; Note
Published Mar 05, 2024
6 pages (2604 words) — Published Mar 05, 2024
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y's estimated $500 million series 2024A payroll mobility tax (PMT) tax anticipation notes. S&P Global Ratings assigned its 'SP-1+' short-term rating to the Triborough Bridge&Tunnel Authority's (TBTA) estimated $300 million series 2024B PMT (MTA Bridges and Tunnels) tax anticipation notes. Lastly, S&P Global Ratings affirmed its 'AA+' long-term and underlying rating on the MTA's senior-lien PMT bonds outstanding and its 'SP-1+' short-term rating on the authority's bond anticipation notes (BANs) outstanding. The outlook is stable. The BANs and the bonds are secured by pledged revenue consisting of PMT and aid trust account (ATA) revenue. These pledged revenue become subject to a statutory lien immediately

  
Brief Excerpt:

...+ S&P Global Ratings assigned its 'SP-1+' short-term rating to the Metropolitan Transportation Authority (MTA), N.Y's estimated $500 million series 2024A payroll mobility tax (PMT) tax anticipation notes. + S&P Global Ratings assigned its 'SP-1+' short-term rating to the Triborough Bridge & Tunnel Authority's (TBTA) estimated $300 million series 2024B PMT (MTA Bridges and Tunnels) tax anticipation notes. + Lastly, S&P Global Ratings affirmed its '##+' long-term and underlying rating on the MTA's senior-lien PMT bonds outstanding and its 'SP-1+' short-term rating on the authority's bond anticipation notes (BANs) outstanding. + The outlook is stable....

  
Report Type:

Summary

Issuer
Metropolitan Transportation Authority
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Metropolitan Transportation Authority, New York; Miscellaneous Tax; Note" Mar 05, 2024. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Transportation-Authority-New-York-Miscellaneous-Tax-Note-3134532>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Metropolitan Transportation Authority, New York; Miscellaneous Tax; Note Mar 05, 2024. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Metropolitan-Transportation-Authority-New-York-Miscellaneous-Tax-Note-3134532>
  
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